FOUR SQUARE LUMBER MILL Question 1: Identify and discuss the major issue(s) in the case In the requisition of the carborundum blades‚ it specifically mentioned that no substitute for Swiss blade is permitted but Iqbal still trying to find alternative solution available in the local market. He found the alternative sources and persuades the sawing operation to perform the trial. The trial is failed and now Iqbal convinced that he being sabotage‚ he accused the sawing operation team was purposely
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Cash Discount on Sales Cash discount is the discount offered by seller for paying cash early. Cash discount is only offered on credit sales where the customers do not pay at the time of sale but promise to pay latter. There are two methods of accounting for sales that offer cash discounts; the gross method and the net method. These two methods are explained with the help of the following example: Example Suppose Company A sells certain goods at a price of $4‚400 with terms of payment
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CHAPTER 2 CASH FLOWS AND FINANCIAL STATEMENTS AT SUNSET BOARDS Below are the financial statements that you are asked to prepare. 1. The income statement for each year will look like this: Income Statement 2008 2009 Sales $190‚119 $231‚840 Cost of goods sold 96‚952 122‚418 Selling & administrative 19‚067 24‚886 Depreciation 27‚370 30‚936 EBIT $46‚730 $53‚600 Interest 5‚950 6‚820 EBT $40‚780 $46‚780 Taxes (20%) 8‚156 9‚356 Net income $32‚624 $37‚424 Dividends
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Cash flow statements Questions. 1. A company has a profit from operations of £20‚500 for the year ended 31 December 20X2.The depreciation charge for the year is £4000.Profit from operations also includes a loss on disposal of £500 on an item of plant. Extracts from the statement of financial position as shown below. 20X2 20X1 Inventory £17‚400 £16‚100 Receivables £21‚500 £20‚500 Trade Payables £18‚400 £17‚600 Ignore
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Cash Connection 1. What are the dominant economic characteristics affecting the payday lending industry? The industry for short-term cash loans (payday loans) grew in the early 1990’s because of the shift in financial services marketplace. The cost structure of the market rose due to bounced checks‚ overdraft protection fees‚ and late bill payments penalties. Second the trend of regulation of payday advance service that allowed protection for consumers. To avoid such cost‚ payday loans were
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Cash Flows paper Cash flows are the flow of funds in and out of a company. The cash flows statement is one of four financials statements used by firms to report their financial position‚ including the balance sheet‚ income statement and statement of shareholders equity. The Cash flows statement is a statement that reports the flow of funds‚ the origin of the funds and how the funds are spent within a business. The cash flow statement can be recreated from information documented on the balance sheet
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INTRODUCTION Cash is a paradox. Why do individuals treat certain pieces of metal and paper differently from other similarly valueless objects? Despite the above‚ cash is an indispensable part of modern economies and is part of a complicated monetary regime. Even though we take it for granted that the pieces of paper in our wallet offer a reliable representation of our consumption power‚ this monetary regime is anything but trivial Money and cash (as a form of money) allow people to engage in complicated
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Wikipedia "‚ cash management‚ or treasury management‚ is a marketing term for certain services offered primarily to larger business customers. It may be used to describe all bank accounts (such as checking accounts) provided to businesses of a certain size‚ but it is more often used to describe specific services such as cash concentration‚ zero balance accounting‚ and automated clearing house facilities. Sometimes private bank customers are given cash management services." What is Cash management
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Cash management techniques are an important part of managing finances. It is impossible to see your money grow if there are not methods in place to make the most of the money that you have. A good start to cash management is budgeting‚ which is the process of tracking money in and out to get a better idea of how money is really being spent. A budget identifies where the money is going and where adjustments can be made to decrease expenses or increase revenue. Along with budgeting‚ it is important
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budget can be made for a person‚ family‚ group of people‚ business‚ government or anything else that makes and speaks money. It can also help to establish a planned level of expenditures and it can help to maintain a budget for a company either on an accrual or a cash basis. Structured planning can make all the difference to the growth of the business‚ it will enable businesses to concentrate resources on improving profits‚ reducing cost and increasing returns on investment. Relationship Between
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